Legg Mason Inc. increases quarterly dividend

Legg Mason Inc. on Tuesday announced a quarterly divided of 13 cents per share, an 18 percent increase. The Baltimore-based money manager said the dividend will be paid on July 8 for those who are shareholders as of June 11.

When it comes to generating income from investments, Americans' expectations for returns are significantly higher than what they are actually earning, according to a survey released this morning by Legg Mason Inc.

Nearly a year after being acquired by rival Men's Wearhouse in a contentious takeover struggle, Jos. A. Bank Clothiers will lay off 122 employees at the company's corporate headquarters in Hampstead, a company spokesman said Monday.